Last month, Iraq’s state news agency INA reported that SOMO was in advanced discussions with Exxon about the potential deal to secure storage capacity in Singapore using tanks owned by…
Iraq, the second-largest OPEC producer after Saudi Arabia, struggles to generate enough energy due to production and transmission inefficiencies. Iraq is accelerating the construction of an offshore liquified natural gas…
If the oil prices stay at their current somewhat depressed levels or further decline, then Iraq’s budget is going to run into problems. Brent crude is currently at $71 per…